I am going to apply the 72 hour rule to this story. My gut tells me something askew here.

Partially true, but exaggerated and framed in a partisan way.

The X post from @elorwelliano claims Goldman Sachs is forcing hundreds of managers/employees in New York to relocate to Dallas or Salt Lake City (or leave the company) due to "unsustainable costs" from taxes and regulations under "socialist" Mayor Zohran Mamdani, framing it as the start of NYC's economic collapse.

Core facts that check out:

• Goldman Sachs is indeed relocating/expanding in lower-cost hubs: The firm has been pushing some managers (hundreds affected in phases) to move from high-cost hubs like New York and London to places like Dallas (new $500M+ campus opening ~2028, capacity for ~5,000 employees) or Salt Lake City. Employees can relocate or leave. This is part of an internal effort (sometimes called "Project Voyage") focused on cost-cutting, talent diversification, and operational efficiency.
• Plans for the Dallas campus and relocations predate or aren't solely driven by Mamdani. Reporting on this (e.g., Fortune, Bloomberg) goes back to early 2025.
• NYC has faced business and population outflows for years (high taxes, crime, remote work, post-COVID shifts). Mamdani (a democratic socialist who won the mayoral race) has proposed tax hikes on the wealthy and corporations, which critics say accelerates this.

What's exaggerated or misleading:

• Not a full "exodus" or "huye" (fleeing) of Goldman Sachs from NYC: This is selective relocation of some managers/operations for cost reasons, not abandoning Wall Street. Goldman still has a massive presence in New York. Broader Wall Street moves to Texas/Florida have been ongoing trends.
• Direct causation to Mamdani's policies: Relocations were planned earlier for business reasons (real estate costs, talent pools, diversification). Mamdani's election and policies add pressure and are being blamed politically, but they're not the sole/original cause. Similar stories circulated with hype around his win.
• "Pánico" (panic) in City Hall: Sensationalized. There are concerns, but no verified evidence of the mayor "losing it" over this specific move.

This fits a common pattern on X: a real trend (firms diversifying away from high-tax, high-cost NYC) is amplified with current political blame (here, the new socialist mayor). NYC faces real fiscal and competitiveness challenges, but the post presents it as a dramatic "announced death" triggered directly by Mamdani. Similar dynamics have played out in other cities with progressive policies, though outcomes vary.